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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (29688)	4/13/1999 11:36:00 AM
From: patchman	Respond to of 122087

NEW YORK (Dow Jones)--Sanchez Computer Associates Inc.'s (SCAI) shares leapt as much as 10% Monday and 7% Friday as enthusiasm mounts for its e-Profile.com electronic-banking service and call center. "We believe that SCAI is winning large customers for its e-banking data center that is ramping-up in Pittsburgh," said First Union Capital Markets Corp. analyst Charles Wittmann in a research note published Friday. Wittmann raised his rating on the Malvern, Pa., company's stock to buy from outperform and added the shares to the firm's analyst action list. Sanchez Computer's e-Profile.com, which will provide financial institutions with an easy path to enter the direct-banking market through the Internet, will be fully operational by April 30, said Sanchez Computer Chief Financial Officer Joseph Waterman. Waterman said the company's shares may also be climbing in response to its earlier announcement it closed its ArTech Financial Technology Services Inc. acquisition, which now provides Sanchez Computer with the last link necessary to run its e-banking service. The e-Profile.com service will use ArTech's platform to provide financial institutions with electronic-banking abilities. Although Sanchez Computer will continue to generate most of its revenue over the next two years from its core banking-software sales, Wittmann noted he expects e-Profile.com revenues to increase to 14% of total returns in 1999 and account for 25% in 2000. For 1998, the company had total revenues of $44.1 million, up from $28.9 million a year earlier. J.P Morgan Securities Inc. analyst Raimundo Archibold said investors are generally excited about the entire electronic-banking field and are looking for companies like Sanchez Computer that also have strong strategic partners. Archibold noted the company's alliance with Security First Technologies Corp. (SONE), in which Sanchez provides the software necessary to run Security First's front-end technology to allow users to process remote banking transactions. Also on Friday, Pennsylvania Merchant Group initiated coverage of Sanchez Computer with a buy rating. Sanchez Computer shares recently traded up 2 1/4, or 10.8%, to 23 1/8 on Nasdaq-volume of 315,700, compared with average daily volume of 101,200. -Amy Hughes; 201-938-5171 (END) DOW JONES NEWS 03-22-99 01:43 PM